The grasshopper and the ant were neighbours. The grasshopper spent all summer dancing and merrying around while the ant worked very very hard to store up food for winter, which is six months away! The grasshopper teased the ant, saying he was stupid to work so hard when he could have enjoyed life like he did. But the ant just ignored him and carried on working.

The cold and bitter winter finally arrived and guess what, the ant was happily staying home enjoying the food he has stored away but the lazy merry grasshopper had nothing to eat and finally died of hunger and cold.

This situation is exactly happening in MALAYSIA – our Bolehland and it has been going on for decades! Just wondering when the cruel, bitter and cold winter is arriving, so we can see the grasshoppers perish!

Just don’t understand why the government does not see this simple fact and logic!

Yes when one compare only the rich Indians against the poor Malays, the statement appears to be correct. That is how UMNO government argues its case.

The shares of listed companies are valued at par such as a CIMB share equals those of a penny stocks and EPU still insists that that is the way to value equity share capital. It is not that valuing public listed companies based on equity would naturally undervalue Malays” share of equity holding, it is an incorrect basis to value the net-worth of a company by the equity share capital. Transaction of stock market is not based on equity value but on the market price shares command in open market at the time of transaction.

In the 1970s the government created entities to hold shares in trust for Malays, which could either be distributed to the Malays, or to keep them for their interests. These shares should count towards the share owned collectively by Malays. After all, the question of whether Malays have attained 30% ownership in the corporate sector, or whatever other races have acquired refer to collective ownership in the sense that the wealth are tallied up by race.

Now the government has created a lot of government linked companies and they are no different from those institutions created in the 1970s where the ownership shares are held in trust for Malays. Indeed, the government would have no role in the corporate sector if they were not so intended. The government can choose an auspicious day if is so desires to say that these shares are given to Malays and equally for every Malay. Just like the government had restricted the movement of CLOB shares in the past it can place conditions on the sale of the shares so that their market value of the government linked companies would not have violent fluctuation. Since the shares when sold in the market would be based on market value, it is clear that these shares should be valued similarly in the computation of its share in the overall equity that Malays owned.

The 30% target was to be achieved in 20 years as envisaged by Tun Razak in 1970. The idea was then that as soon as the Malays had crossed this threshold, they are said to have the foundation to carry out a free competition with anybody in the world. So, it is not a protective measure as though the Malays were an endangered business species. It was certainly not the intention of Tun Razak that the 30% should be maintained, and that having attained the qualification, it was the intention of the government to monitor the market to keep it at that level. Of course Tun Razak lived a short life, and TDM used NEP for his own agenda. Even out of power now, he still claimed that the time is not right, because he felt so, that NEP should remain.

Tun Razak would not have said that 20 years was the time frame if he did not mean it. Tun Razak did not require NEP to stay in power. But the others who followed used it to gain the perpetual power as PM.

NEP has gone beyond all the provisions of article 153 just so that Malays can reach the threshold of 30% ownership in coporate share capital. BN government would prove to the world that without interruption, it has not been achieved the target set 38 years ago. UMNO is happy to be called inefficient so long as UMNOputras retained the right to enrich themselves in the name of NEP. Instead of justifying why NEP should not be removed with facts and figures, UMNO has chosen not to reveal how the single most important figure on the target of NEP has been computed. Malaysians will recall that in December 2006, PM AAB and his deputy Najib promised that the methodology in the computation of Malays’ ownership of corporate share would be revealed soon. Twenty four months have passed, and the political future of AAB has taken a nose dive, but yet the EPU has not chosen the correct methodology in computing the single most important statistics to justify actions on the continuation of trying to attain the 30% target.

We know BN government lies with statistics at every turn of any event.

In his LawAsia speech, the Raja Muda of Perak, Raja Nazrin, has called on governments not to be discriminatory towards their citizens no matter what are their social status or ethnicity.